Sales of tiny apartments soar in HK
In the world's least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong.
The Bangkok office market is slowing because of shrinking demand and future supply overwhelming the market, with flat growth in occupancy and rents expected this year.
Discounts on condo prices should continue into the first quarter of 2021 as developers want to drain unsold inventory as much as possible, says a property website.
In the world's least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong.
Following a change in its major shareholders three months ago, SET-listed developer Raimon Land Plc (RML) has revised its plans, revoking an in-vitro fertilisation (IVF) venture and selling a land plot on Sukhumvit Soi 19 that had been earmarked for a new hotel development.
The Bangkok office market is slowing because of shrinking demand and future supply overwhelming the market, with flat growth in occupancy and rents expected this year.
Housing developer sentiment in the first half this year is expected to drop after a recovery in the fourth quarter last year because of the recent outbreak, says the Real Estate Information Center.
Average prices for new and resale condo supply are projected to continue falling this year as the glut of unsold condos is overwhelming, with new units added to the stockpile.
SET-listed developer Land & Houses Plc (LH) scaled down its residential launches this year to 12 projects, down 25% from last year, worth a combined 20.7 billion baht.
Despite a new wave of Covid-19 cases in Thailand, Chinese buyers are prepared to purchase Thai properties in the second half of 2021, driven by the expectation of a distribution of vaccines and the reopening of inbound tourism.
Despite the pandemic and economic slowdown, the resale condo market remained steady, with locations from Chidlom to Thong Lor ranked the top areas in 2020, according to property consultant Knight Frank Thailand.
SET-listed AP Thailand's low-rise sales and Sansiri Plc's condo discounts drove them to the top rankings for residential transfers last year with a combined 91 billion baht.
AYUTTHAYA: After consecutive declines in the number of new residential launches since the second half of 2018, the Ayutthaya housing market is finally picking up thanks to the area's industrial estates and new transport networks.
Discounts on condo prices should continue into the first quarter of 2021 as developers want to drain unsold inventory as much as possible, says a property website.
In the world's least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong.
